THE KOG REPORT - FOMCTHE KOG REPORT – FOMC
This is our view for FOMC, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price.
For this report we’re going to use the same chart as the election projection seeing as the levels are working well. We have lower support now at the red box defence line which did it’s job at 2660-5 while resistance stands at the 2710 level. Breaking above the 2710 region we have the key level 2730-35 which is where we would ideally like it to go before we see a reaction in price, a clear sign of reversal and then potential to attempt the short again. Please note, the chart shows the extension of the move into the 2750 region, which is possible if they want to really drive it volume.
We’re in a scenario here where we can’t long as it was already suggested traders hold long runners from below, which was the ideal entry level for this retracement. The only thing we can do now is sit it out, or, as above, look for a decent set up for the short.
RED BOXES –
Above 2704 look for 2710 and 2728
Below 2693 look for 2675 and 2667
Simple one again this time round, it’s been a great week and today topped it off with us managing to trade it down and back up again. Not looking to risk a lot on this, if anything.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Supply and Demand
GBPNZD: Important Breakout & Bearish OutlookGBPNZD has broken and closed below a strong horizontal support level on intraday charts.
The blue area marked is also the neckline of an inverted cup & handle pattern.
This violation could lead to further downward movement, with the next targets being 2.148 and then 2.141, support level.
Traders may want to look for opportunities to enter short positions on a retest of the broken support level.
XAUUSD: From $2720 To $2500 A Move of 2200+ Pips ! Comment DownOANDA:XAUUSD
Price dropped after creating a record high at 2790$, price dropped as mainly due to US Elections and aftermath of the election. We can see price to drop further after filling up the fair value gap within the market. Please do your own research before taking any decision. Good Luck.
BITCOIN (BTCUSD): Road to 80000 Confirmed?! ₿
BTC finally updated the all-time high, violating a major historic
resistance and closing above that on a daily.
It opens a potential for a further growth to 80000 level - the next
psychological structure.
For buying, consider a huge contracting demand zone based on
a broken horizontal resistance and a rising trend line.
With a high probability, it will be retested before the rally.
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Internet Computer to $40ICP has been bullish since the Oct ‘23 lows.
Although it retraced a lot already from the Mar ‘24 highs, I expect bearish continuation on it down to around $5 : $6.
Passing $10 cancels the bearish idea.
Breaking $6.8 confirms the bearish idea.
The final target for ICP I think would be @ $40
SasanSeifi| Is Filecoin Ready for a Bullish Rebound?Hey there, ✌In the daily timeframe, as you can see, Filecoin ( BINANCE:FILUSDT ) has been in a downtrend for a while, falling from the $10 range. After this decline, the price found support around the $3 range, showing positive reactions and some volatility. Currently, the descending trend line, which had multiple touches, has been broken, and the price is now trading around $3.90.
Considering the $3 demand zone holding and the breakout of the long-term downtrend, there seems to be potential for some minor upward moves in the future.
🔹 One scenario to watch is that if the price breaks through the $4 level with strong momentum and stabilizes above it, we could see growth towards the $4.20 target and the supply zone around $4.50.
🔶 If the price rises, it will be important to monitor how it reacts to these levels to better understand the future trend. After a potential negative reaction and minor correction, the price could push up again and reach as high as the $5.50 to $6 range.
🚨Key support levels to watch are $3.50 and $3.20. Holding above these levels is crucial for maintaining the bullish outlook. ❗❗
⭕(The chart is logarithmic.)
💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
NZDUSD -DXY will continue its upward trend?!The NZDUSD currency pair is located between EMA200 and EMA50 in the 4H timeframe. In case of a downward correction, we can see the demand zone and buy within that zone with a suitable risk reward. Crossing the specified resistance range of this currency pair will provide the path for its ascent to higher price targets.
The Reserve Bank of New Zealand (RBNZ) has stated that geopolitical tensions are considered a risk to financial stability. Concerns about these tensions have recently grown, and the potential impacts of these risks cannot be ignored. The RBNZ has also pointed out that the economic policies of former U.S. President Donald Trump would lead to increased inflationary pressures. Hawksby, an RBNZ official, noted that central banks have the capacity to manage the global ramifications of these policies.
Orr, the head of the RBNZ, mentioned that the world may have reached a peak in global trade, and Trump’s return to the White House could pose additional challenges for central banks. Trump has discussed imposing global tariffs of 10-20%, higher tariffs with China, reductions in corporate and personal taxes, and the lifting of bureaucratic regulations.
George Saravelos, a senior analyst at Deutsche Bank, has identified two key points regarding this situation: caution in making fundamental market changes and the way Trump’s and the Republicans’ policies are priced in. Saravelos believes these changes are not solely political but are also linked to the structure of financial markets. He notes that high-risk global assets are tracking the upward trend in U.S. equities, which has resulted in high-risk commodity currencies performing better. However, he stresses that this trend should not be easily projected into the future, and potential shifts in correlations should not be overlooked.
According to him, the U.S. election results are historic and could lead to structural changes in the markets, potentially breaking previous correlations. This implies that the U.S. market could continue to grow, while other global markets may experience negative performance. Saravelos also observes that markets are currently evaluating a relatively balanced set of policies, which differ from the election promises, particularly regarding budget deficits and tariffs. He believes that if Trump’s plans are implemented, there is a possibility of further increases in the valuation of the dollar and other financial instruments.
Where is the NOTCOIN target?This analysis is an update of the analysis you see in the "Related publications" section
After sweeping the lower liquidity pool and hitting the support area, it has broken a trigger line and is preparing for the next bullish wave.
We waited 154 days for NOT to hit this range (you can see in the previous analysis in Related publications), so this range is very valuable for us.
We must not forget that NOT is the leader of TON network meme coins
In our opinion, the first target can be hitting the white circle.
Closing a daily candle below the invalidation level will violate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
EURJPY LongLooking to go long on EJ.
The pair has been in a decent uptrend since the beginning of October, I am expecting this to continue till around mid November.
Price of interest for a long is 163.412.
Confluences:
- Key Level
-38% Fibonacci
- Cluster of EMA's (Daily 50, 100 & 200)
SL is 1.5 times the size of the zone of interest so 45 pips
Targeting a higher high around 167.
Trade safe, and catch you later traders ▲
CRUDE OIL (#WTI): More Growth is ComingWe spotted another breakout today in the 📈USOIL chart, as it broke through a significant horizontal resistance and closed above it.
This sets the stage for a possible bullish trend continuation. Given the current market rally, this breakout could lead to another wave of bullish movement.
We anticipate a continuation of the bullish trend towards the 73.60 - 74.62 range.
NZDUSD: Bearish Movement From Resistance 🇳🇿🇺🇸
This morning, I shorted NZDUSD.
I was waiting for a bearish signal after a test of an intraday/daily horizontal resistance.
A double top pattern and a breakout of its neckline gave a strong signal to sell.
We can expect a bearish movement now.
Goals: 0.5982 / 0.5962
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Calling All Pro Traders!This is the action you’ve been waiting for as it dances around critical levels!
XAUUSD Outlook:Currently in a tight range between 2692 and 2700 – a major battle unfolding here! Will it break out soon?
Keep those eyes peeled! Downside Alert:If XAUUSD slips below this key range, it could trigger a swift move lower! Targets on the radar: 2680 and 2667.
Be ready to act! Upside Potential: On the flip side, if we see a breakout above this zone, it could set the stage for an explosive rally! Next targets in sight: 2704 and 2708.
Is the bulls' momentum building? Let’s Chat! What’s your take? Will we see a breakout or a reversal? Drop your thoughts below! Together, we’re navigating one of the most exciting moments in the market! Stay sharp, stay strategic – let’s go for the win!
#GBPCHF: +400 Pips Simple Move with A great RR! Dear Traders,
Hope you are doing great we have an excellent buying opportunity on GBPCHF, where the price have formed the simple pattern and also the price behaviour and momentum suggest a bullish surge in the price. Read and learn the chart carefully and then you can take this as an educational idea.
Good luck,
Team Setupsfx_
Gold is in the bullish direction after correcting the supportHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
XAUUSD- Bearish Continuation or Reverse...GOLD
Technical Analysis
Gold recently dropped below a key pivot level, signaling a potential bearish continuation. Notably, as we mentioned yesterday already dropped about 85$
Bearish Scenario: If Gold remains below the pivot at 2677, further declines are expected toward the support levels of 2644 and potentially down to 2629. Stability below 2629 would reinforce bearish momentum, targeting 2587 as the next level.
Bullish Scenario: A move above 2677 may trigger a bullish rebound, with an initial target at 2695. Sustained trading above 2706 would suggest further upside potential, aiming toward 2749.
Key Levels:
Pivot Point: 2677 - 2668
Resistance Levels: 2695, 2706, 2720
Support Levels: 2645, 2629, 2606
previous idea:
Left Behind No More: TON Prepares to Join the Bull Market SurgeBINANCE:TONUSD has been lagging behind the broader market rally, showing little momentum while other assets have been catching fire in this early bull run. But TON’s underperformance may be setting it up for a parabolic move as it catches up with the rest of the pack. The key now is how it navigates a series of critical resistance levels that could pave the way for a strong breakout.
Chart Analysis
BINANCE:TONUSD faces a major trendline resistance overhead, which has kept its price action constrained. This trendline has acted as a ceiling, pushing TON back down each time it attempted a breakout. But the setup is starting to look primed for a potential breakout, especially if it clears the daily order block (OB) near $5.18.
Entry Levels
Aggressive Entry: For those looking to enter sooner, around $4.89 aligns with the first resistance level and a potential retest of the order block. This level might reject, but for those willing to take the risk, it provides an early entry point.
Safer Entry Level: Waiting for a daily close above $5.18 could offer a stronger entry. This would confirm a break above the daily OB, flipping it into support and creating a solid foundation for TON’s next leg up.
Clearing $5.18 with a solid daily close will signal that TON is ready to reclaim lost ground. From there, the next significant target is around $6.68, followed by an eventual test of $7.42. This range, once reached, could push TON into a more sustained uptrend, as it gains strength from the breaker block above, leading it to catch up with other assets in the bull market.
Target & Potential Path
If CRYPTO:TONUSD TON breaks these resistance levels and confirms the trendline breakout, it could trigger a chain reaction—one that propels it toward $8.36 and beyond. This level represents a long-term target and is the likely zone for profit-taking as TON aligns with the broader market’s bullish momentum.
The setup is there. Now it’s a matter of whether TON can seize the momentum and break out of its slumber.
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Post-Election Price Momentum: Bullish and Bearish ScenariosTechnical Analysis
Following Trump’s success in the U.S. election, the price is poised to reach new highs after breaking its previous all-time high (ATH).
Bullish Scenario: If the price maintains stability above 5891, it is likely to target 5939 initially. A 1-hour or 4-hour candle close above 5939 would further reinforce the bullish momentum, with a potential upward move toward 6002.
Bearish Scenario: Sustained stability below 5891 may trigger a downward move, with an initial target of 5863. Should a 4-hour candle close below 5863, it could confirm entry into a new bearish phase.
Key Levels:
Pivot Point: 5900
Resistance Levels: 5939, 5980, 6002
Support Levels: 5891, 5863, 5803
Trend outlook: Uptrend